Lithuania announces lifting ban on rail transport of sanctioned goods into and out of the Russian territory of Kaliningrad as Moscow continues its strikes into Ukraine on 150th day Follow our live coverage: 👇
A view shows railway tracks at a commercial port in the Baltic Sea town of Baltiysk in the Kaliningrad region, Russia October 28, 2021. REUTERS/Vitaly Nevar The Baltic state of Lithuania has lifted a ban on the rail transport of sanctioned goods into and out of the Russian territory of Kaliningrad, Russia's RIA news agency said.
The European Union last week said the transit ban only affected road, not rail, transit, and Lithuania should therefore allow Russia to ship concrete, wood and alcohol across EU territory to the exclave. "It is possible that some goods will be transported today," RIA quoted Mantas Dubauskas, spokesman for the state railway company, as telling Lithuanian television.Credit rating firms Fitch and Scope downgraded Ukraine to a 'C' grade — just one step from default — two days after the war-ravaged country requested a debt payment freeze.
A "default-like process has begun" Fitch said referring to Kyiv's 'consent solicitation' request for a two-year deferral on its $20 billion-plus stock of international debt. "The rating w ould be downgraded to 'restricted default' and the affected instruments to 'D' following the consent solicitation "effective date" should it be accepted, which we view as likely," Fitch added.
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